Nykredit A S Acquires Shares of 43,733 Fidelity National Financial, Inc. $FNF

Key Points

• Nykredit A/S acquired 43,733 shares of Fidelity National Financial during the second quarter, worth approximately $2.06 million. Institutional investors collectively own 81.17% of FNF’s outstanding stock.
• FNF reported stronger-than-expected quarterly results, with earnings of $1.39 per share versus the $1.31 consensus estimate and revenue of $4.05 billion, up 11.4% year over year.
• The company declared a quarterly dividend of $0.52 per share, equal to a $2.08 annualized payout and a 4.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $56.

Nykredit A S bought a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43,733 shares of the financial services provider's stock, valued at approximately $2,062,000.

Several other institutional investors have also added to or reduced their stakes in FNF. Goldman Sachs Group Inc. grew its position in Fidelity National Financial by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider's stock worth $40,975,000 after acquiring an additional 47,267 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Fidelity National Financial by 141.9% in the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider's stock worth $941,000 after purchasing an additional 8,494 shares during the period. Invesco Ltd. boosted its holdings in shares of Fidelity National Financial by 2.0% in the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider's stock worth $45,979,000 after purchasing an additional 16,440 shares during the period. Brown Advisory Inc. bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at approximately $339,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Fidelity National Financial by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider's stock valued at $1,199,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $45.73 on Tuesday. The company has a market capitalization of $12.26 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.68 and a beta of 0.93. The company's 50-day simple moving average is $49.23 and its two-hundred day simple moving average is $48.74. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The company's revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 5.18 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 73.50%.

Insiders Place Their Bets

In other Fidelity National Financial news, EVP Peter Sadowski sold 69,196 shares of the company's stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Stephens restated an "overweight" rating and issued a $55.00 target price on shares of Fidelity National Financial in a report on Monday, August 24th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $64.00 to $61.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. Barclays upped their price target on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Finally, National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $56.00.

Fidelity National Financial Company Profile

Fidelity National Financial NYSE: FNF is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.

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